ETRADE Capital Management LLC reduced its holdings in Masimo Corporation (NASDAQ:MASI) by 10.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,737 shares of the medical equipment provider’s stock after selling 1,320 shares during the quarter. ETRADE Capital Management LLC’s holdings in Masimo Corporation were worth $979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MASI. BlackRock Inc. increased its stake in Masimo Corporation by 7.5% in the 2nd quarter. BlackRock Inc. now owns 7,915,230 shares of the medical equipment provider’s stock valued at $721,710,000 after purchasing an additional 550,995 shares in the last quarter. Vanguard Group Inc. increased its stake in Masimo Corporation by 6.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,935,693 shares of the medical equipment provider’s stock valued at $450,036,000 after purchasing an additional 318,060 shares in the last quarter. Acadian Asset Management LLC increased its stake in Masimo Corporation by 28.0% in the 2nd quarter. Acadian Asset Management LLC now owns 1,791,597 shares of the medical equipment provider’s stock valued at $163,356,000 after purchasing an additional 392,410 shares in the last quarter. State Street Corp increased its stake in Masimo Corporation by 42.8% in the 1st quarter. State Street Corp now owns 1,401,516 shares of the medical equipment provider’s stock valued at $130,704,000 after purchasing an additional 419,767 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Masimo Corporation by 27.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,095,353 shares of the medical equipment provider’s stock valued at $99,872,000 after purchasing an additional 233,412 shares in the last quarter. 83.21% of the stock is owned by institutional investors and hedge funds.

MASI has been the subject of several research analyst reports. Zacks Investment Research downgraded Masimo Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub downgraded Masimo Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Stifel Nicolaus initiated coverage on Masimo Corporation in a research note on Monday, July 10th. They issued a “buy” rating and a $105.00 price objective for the company. Roth Capital raised their price objective on Masimo Corporation from $96.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Finally, BTIG Research raised Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $95.00.

Masimo Corporation (NASDAQ:MASI) opened at 84.98 on Monday. The firm’s 50-day moving average price is $85.78 and its 200 day moving average price is $90.95. Masimo Corporation has a 52-week low of $53.78 and a 52-week high of $104.71. The stock has a market cap of $4.41 billion, a P/E ratio of 13.93 and a beta of 0.84.

Masimo Corporation (NASDAQ:MASI) last announced its quarterly earnings data on Wednesday, August 2nd. The medical equipment provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. Masimo Corporation had a return on equity of 23.45% and a net margin of 45.90%. The company had revenue of $192.90 million during the quarter, compared to the consensus estimate of $189.03 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities analysts predict that Masimo Corporation will post $2.80 earnings per share for the current year.

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In other news, Director Sanford Fitch sold 6,000 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $91.89, for a total transaction of $551,340.00. Following the completion of the sale, the director now owns 89,249 shares in the company, valued at approximately $8,201,090.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jon Coleman sold 25,000 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $97.50, for a total value of $2,437,500.00. Following the sale, the insider now owns 32,201 shares of the company’s stock, valued at approximately $3,139,597.50. The disclosure for this sale can be found here. Insiders have sold a total of 126,000 shares of company stock valued at $11,732,930 in the last quarter. Insiders own 16.60% of the company’s stock.

Masimo Corporation Profile

Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.

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Institutional Ownership by Quarter for Masimo Corporation (NASDAQ:MASI)

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